Welsh Government
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Minister announces his plans to invest and save in improving public services
The Minister will tell delegates at the Wales Audit Office annual conference:
"I am today announcing details of a new £60m Invest-to-Save fund designed to support public service organisations in transforming the way they work – so that they become more efficient and continue to deliver the high quality citizen-centred public services which the people of Wales deserve. This is part of our drive to promote efficiency and innovation across public services in response to the challenging financial times we are in.
“There are already a great many examples of innovative ways of working across public services in Wales which not only add value and save money but also deliver good quality services for the people involved. Through this fund, I am looking for these approaches to be more widely adopted, and for new and exciting models of service delivery to be developed.
“The fund, which builds on and enhances the Making the Connections Improvement Fund, will be available on an investment basis to public service bodies, funded by the Assembly Government, to contribute towards the revenue costs of change projects which will secure measurable improvements in efficiency. We will also look at opportunities of using the fund in parallel with our Strategic Capital Investment Fund in relevant cases.
“The funds will be available, initially over two years (2009-10 and 2010-11). They will be fully repayable, but there will be no interest charges and there will be flexibility on the payback period. This approach will ensure that the fund is replenished after our initial investment, and we will be able to continue to invest in new projects beyond the first two years.
“I am inviting public sector organisations, including local authorities, the NHS, education institutions etc to bring forward their project proposals and to discuss with us how these, with support from the fund, might deliver real benefits in public service delivery.”
Related Links
The new Invest-to-save Fund, administered by Value Wales, supports new ways of working in which services can be delivered more effectively and efficiently.Improving public services is of fundamental importance to the future of Wales.
